Gold: USSR

(asked on 20th October 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will ask the Bank of England whether it holds (a) Communist and (b) Soviet branded gold.


Answered by
Lucy Rigby Portrait
Lucy Rigby
Economic Secretary (HM Treasury)
This question was answered on 27th October 2026

Gold accepted into the Bank of England's vaults must meet London Good Delivery standards and comply with applicable sanctions - it is not classified by its markings. The Bank of England does not share information on which foreign governments and central banks it holds gold reserves on behalf of as this would contradict their customer confidentiality obligations.

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